Department of Numbers

Miami County Ohio Residential Rent and Rental Statistics

The median monthly gross residential rent in Miami County OH was $752 in 2017 according to the Census ACS survey.1 Average gross rent in Miami County was $729 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Miami County median and average rent data will be released in September of 2019.

Data is also available below for Miami County rental vacancy rates, Miami County rent as a percent of median income and the fraction of renters in Miami County.

Show dollars as: Nominal Real

Real Gross Rent in Miami County Ohio (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Ohio Median Gross Rent $772 +0.13% +2.52%
Miami County OH Median Gross Rent $752 +5.92% -8.63%

Miami County OH Real Gross Rent Trends

Median gross rent for Miami County peaked in real terms in 2014 at $823 and is now $71 (8.63%) lower. Average gross rent for Miami County peaked in real terms in 2010 at $789 and is now $60 (7.60%) lower. From a recent low of 675.0 in 2015, real average gross rent has now increased by $54 (8.00%).

Real Gross Rent: Miami County OH Median, Miami County OH Average, Ohio Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Miami County

Date US
Median
Ohio
Median
Miami County OH
Median
Miami County OH
Average
2017 $1,012 $772 $752 $729
2016 $996 $771 $710 $720
2015 $987 $768 $742 $675
2014 $956 $753 $823 $764
2013 $924 $724 $739 $725
2012 $912 $722 $689 $683
2011 $912 $725 $714 $728
2010 $927 $742 $801 $789
2009 $931 $741 $701 $701
2008 $947 $766 $758 $721
2007 $899 $733 $720 $702
2006 $909 $747 $756 $734

Historical Rental Vacancy Rate data for Miami County

Date US Ohio Miami County OH
2017 6.18% 5.62%
2016 5.89% 5.44%
2015 5.85% 5.56%
2014 6.32% 6.26%
2013 6.49% 6.15%
2012 6.77% 7.08%
2011 7.40% 7.89%
2010 8.17% 9.45%
2009 8.43% 9.17%
2008 7.86% 9.68%
2007 7.87% 10.00%
2006 7.70% 10.68%

Rent as a Fraction of Income

Using median household income data for Miami County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Miami County, median monthly gross rent as a fraction of median household income was 14.82% in 2017 according to the ACS.

Miami County Ohio Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Ohio 17.15% -0.25% -0.74%
Miami County OH 14.82% +0.87% -4.07%

Trends in Miami County OH Rent as a Fraction of Income

The fraction of median Miami County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 18.89%. Since then it has fallen by 4.07% to 14.82%. From a 2016 low of 13.94%, the fraction of income going to rent has increased by 0.87%.

Fraction of Income towards Rent: Miami County OH, Ohio, US

Percent of median household income going towards median monthly gross rent in Miami County Ohio

Historical Data for Annual Rent as a Fraction of Income in Miami County Ohio

Date US Ohio Miami County OH
2017 20.13% 17.15% 14.82%
2016 20.43% 17.40% 13.94%
2015 20.63% 17.53% 17.60%
2014 20.89% 17.89% 18.89%
2013 20.78% 17.70% 16.84%
2012 20.65% 17.94% 15.10%
2011 20.70% 18.15% 17.50%
2010 20.50% 18.23% 18.02%
2009 20.12% 17.71% 15.38%
2008 19.00% 16.68% 14.92%
2007 18.66% 16.56% 15.12%
2006 18.90% 16.90% 15.52%

Renter Fraction in Miami County Ohio

You can calculate the renter fraction in Miami County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Miami County as a fraction of total Miami County households. In 2017 30.41% of households were renters according to Census ACS data.

Miami County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Ohio 34.22% -0.42% -0.45%
Miami County OH 30.41% +0.57% -1.22%

Trends in the Miami County OH Renter Fraction

The Miami County household renter fraction peaked in in 2007 at 33.02% and is now 2.61% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Miami County OH, Ohio, US

Fraction of renters in Miami County

History of Miami County Renter Fraction

Date US Ohio Miami County OH
2017 36.13% 34.22% 30.41%
2016 36.88% 34.64% 29.84%
2015 36.97% 34.59% 29.31%
2014 36.90% 34.67% 31.63%
2013 36.50% 33.93% 29.68%
2012 36.09% 33.71% 28.28%
2011 35.42% 33.02% 30.78%
2010 34.65% 31.60% 28.29%
2009 34.13% 31.95% 28.16%
2008 33.36% 30.95% 26.89%
2007 32.80% 30.32% 33.02%
2006 32.73% 29.99% 27.63%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.